Office Depot Offers SBA Loans

The aisles of Office Depot have long kept small businesses stocked with stationary, staplers, file folders and other supplies. Now they can pick up another necessity: Cash.

This week, the Florida-based office-supplies chain announced a partnership with Superior Financial Group, a Walnut Creek, Calif. lender, to provide Small Business Administration loans to qualified borrowers of up to $25,000.

According to the online application, there is no fee to apply and approved borrowers receive a 10% discount off the loan origination fee. The loans can be repaid over a period of eight years, keeping monthly installments low, with no penalty for early repayment…

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